Frasers Property has deepened its collaboration with investment vehicles sponsored by Morgan Stanley Real Estate Investing (MSREI), expanding their Australian capital partnership to include a portfolio of nine industrial assets from Frasers Property Industrial.
The portfolio, spanning New South Wales, Queensland and Victoria, covers approximately 163,000 square metres of gross floor area and is valued at around $500 million. Eight of the properties are fully developed and leased, with tenants including Goodyear, Asahi and DHL. The ninth is a 20-hectare development site in Queensland, which could accommodate up to five additional industrial facilities and increase the combined portfolio to nearly 300,000 square metres once complete.
Under the new structure, a newly established joint venture – Frasers Logistics Partnership – will hold four assets, while five assets, including one development, will be added to the Frasers Prime Logistics Venture launched in April 2025. Together, the two ventures bring the combined value of Frasers Property’s partnership with MSREI to approximately $1.4 billion.
Reini Otter, Chief Executive Officer of Frasers Property Industrial, says the milestone demonstrates the strength of the company’s long-term strategy. “Earlier this year, we outlined our strategy to establish long-term capital partnerships to unlock opportunities across our industrial portfolio. This latest milestone reflects the strength of that strategy and the alignment we’ve found with partners like MSREI, positioning us for scalable growth,” he says.
Frasers Property’s Managing Director Australia, Ian Barter, adds the partnership underscores the success of its build-to-core approach. “This second venture with MSREI demonstrates our ability to deliver premium industrial assets, while accelerating development and optimising capital efficiency,” he says.
The transaction was brokered by Cushman & Wakefield and CBRE.
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